Vault-13

AAUC 8 3/4 09/07/28 AAUC 8.75 09.07.28

FIXED INCOME · PRIV PLACEMENT · CUSIP 01921DAA3

2 institutional holders +1 vs Q1 2026
$10.4mprincipal reported held*
$43.2mreported value*
1 new 0 added 1 reduced 0 sold out net bought ≈ $12.8m

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

012Q2 25: 1Q3 25: 2Q4 25: 2Q1 26: 1Q2 26: 22Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 20251
Q3 20252
Q4 20252
Q1 20261
Q2 20262

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
101Q3 25: 1 bought or addedQ3 25: 1 cut or sold outQ3 25Q4 25: 1 bought or addedQ4 25: 0 cut or sold outQ4 25Q1 26: 1 bought or addedQ1 26: 1 cut or sold outQ1 26Q2 26: 1 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202511
Q4 202510
Q1 202611
Q2 202611

Biggest buyers

K2 PRINCIPAL FUND, L.P. New +15,973+16.0k

Biggest sellers

Skaana Management L.P. Reduced -166,000-166.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Skaana Management L.P. 4.53% of their portfolio BROOKLYN, NY 10,384,00010.4m $17.0m $17.0m 4.53% Reduced -166.0k -166,000
2 K2 PRINCIPAL FUND, L.P. 2.41% of their portfolio TORONTO, A6 15,97316.0k $26.2m $26.2m 2.41% New